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Five Star Business Finance gets nod to raise Rs 5000 crore through NCDs

27 Feb 2023 Evaluate

Five Star Business Finance has received approval to raise Rs 5000 crore through issuance of Non-Convertible Debentures (NCDs) on private placement, in one or more tranches and/or series from time to time. The Board of Directors of the Company at its meeting held on February 25, 2023, has inter-alia considered and approved the same.

Five Star Business Finance is an NBFC-ND-SI providing secured business loans to micro-entrepreneurs and self-employed individuals.

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